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Coloma Lotus Business Council

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 823514077 ✦ Coloma, CA ✦ Designated as a 501(c)(6)

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Overview

What is Coloma Lotus Business Council?

The Coloma Lotus Business Council is a nonprofit organization that actively works towards boosting tourism and economic growth in the Coloma-Lotus Valley. With a network of 74 local businesses, they achieve this goal by producing 15,000 printed guides, managing two websites that draw in over 275,000 online visitors, and organizing events to stimulate economic activity. Furthermore, they conduct surveys among visitors and local businesses to secure grants for enhancing economic development in the area.


Official website here: www.coloma.com/council/

Is Coloma Lotus Business Council legitimate?

Coloma Lotus Business Council is a legitimate nonprofit organization registered as a 501(c)(6) entity. Coloma Lotus Business Council submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Official website here: www.coloma.com/council/

What is the mission statement of Coloma Lotus Business Council?

The Coloma Lotus Business Council works towards fostering tourism and economic growth. They accomplish this by publishing 15,000 printed guides, managing two websites attracting over 275,000 online visitors, and organizing events to positively impact the economy. The council also gathers data through surveys from both visitors and local businesses to secure grants for economic development initiatives.


Official website here: www.coloma.com/council/

Who is the CEO of Coloma Lotus Business Council?

Howard Penn is the President of Coloma Lotus Business Council.


Official website here: www.coloma.com/council/

What is the revenue of Coloma Lotus Business Council?

Coloma Lotus Business Council's revenue in 2022 was $34,150.


Official website here: www.coloma.com/council/

Who are the executives of Coloma Lotus Business Council and what are their salaries?


Here are 6 key members and their salaries:


Howard Penn (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christina Cavanaugh (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniella Faieta (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Ash (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Fargo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trish Tratos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.coloma.com/council/

Where can I find the form 990EZ for Coloma Lotus Business Council?

Coloma Lotus Business Council's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.coloma.com/council/

Learn more at the official website: www.coloma.com/council/

Mission Statement of Coloma Lotus Business Council

The Coloma Lotus Business Council is dedicated to fostering tourism and economic growth within its network of 74 businesses. To accomplish this objective, the organization takes several strategic approaches. Firstly, it produces a substantial number of 15,000 printed guides, serving as a comprehensive resource for visitors. Secondly, the council manages two websites that attract a significant online audience of over 275,000 individuals. Lastly, the Coloma Lotus Business Council orchestrates events and initiatives that contribute to the economic development of the businesses in its jurisdiction. Furthermore, the council actively seeks out opportunities to secure grants by conducting surveys among visitors and local businesses, thereby enhancing the overall economic impact.

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Impact




October, 2024

The Coloma Lotus Business Council plays a vital role in promoting tourism and driving economic development in the Coloma-Lotus Valley, supporting a community of 74 local businesses. By producing 15,000 printed guides and managing two informative websites that attract over 275,000 visitors, the council significantly increases the visibility of the area, drawing in tourists and potential customers.

Their efforts contribute to an enhanced local economy through organized initiatives that assess and communicate economic impact, which is crucial for strategic planning and resource allocation. Regular surveys of visitors and local businesses help to identify key needs and opportunities, enabling the council to secure grants that further stimulate economic growth. Overall, their initiatives foster community improvement and encourage a thriving business environment in the region.




This information is meant to be a general summary of Coloma Lotus Business Council. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$34,150 (2022)
Expenses
$18,935 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10
  • Program Service Revenue: $26,482
  • Gross Receipts: $34,150

Assets and Liabilities:

  • Total Assets: $45,530
  • Total Liabilities: $0
  • Net Assets: $45,530

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Organization Details

Principal Officer

Howard Penn

Main Address

PO Box 157, Coloma, CA, 95613

NTEE Category

Code: S40 - Community improvement

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